Quarterly Market Update SPRING 2025 Courtesy of Ray White Bensville & Empire Bay
The Australian property market continues to respond to the interest rate cutting cycle, with August showing sustained momentum. National house prices reached a median of $961,000, reflecting robust annual growth of 7.9%. Listing volumes across the country remain constrained, and that is creating a supply shortage, underpinning price growth. The month’s standout development is the government’s acceleration of the expanded 5% deposit scheme to 1 October. This initiative, removing previous income and location restrictions, represents the most significant first home buyer intervention in decades and is expected to intensify market conditions. The combination of government incentives, constrained supply, and demographic pressures from millennials entering peak home-buying years is creating a structural shift in how different price segments perform. The Central Coast is a beautiful place and a key driver for our area is affordability when compared to Sydney. Lower priced suburbs are definitely outperforming at the moment. Much of the demand is coming from first home buyers. The closer to heavy rail and major roads you are, the more attractive a property is for those with many years of a career that requires a commute ahead of them. Downsizers are less active, and there is still a significant amount of short-term rental accommodation on the market, limiting the supply of available beach and river-side homes. If you’re considering your options, be it buy or sell, nest or invest; get in touch with us for a chat about local market conditions. We look forward to helping you realise your property goals. Matthew Kidd Principal Ray White Bensville/ Empire Bay WHAT’S HAPPENING IN OUR MARKET?
Are you curious to know the new value of your property in today’s market? At Ray White Bensville & Empire Bay we design marketing packages which are completely tailored to your specific needs and goals. Request a free market review and we’ll provide you with an area profile, recent sales and listing activity and more. Simply scan the QR code, enter your details and we will contact you to arrange a detailed property appraisal. Matthew Kidd | 0417 230 732 HOW MUCH IS MY PROPERTY WORTH?
RECENT SALES IN YOUR AREA 4 Emma Street, Bensville 21 Bundaleer Crescent, Bensville 2/53 Rickard Road, Empire Bay 5 Portside Close, Bensville 2 Hillcrest Road, Empire Bay 70 Shelly Beach Road, Empire Bay 13 The Cedars Close, Bensville 24 Valencia Street, Bensville SOLD $1,180,000 SOLD $1,880,000 SOLD $902,000 SOLD $1,400,000 SOLD $1,125,000 SOLD $1,775,000 SOLD $1,080,000 SOLD $1,100,000 4 2 1 5 3 7 3 1 3 4 2 2 3 1 1 3 2 2 3 2 2 3 3 1
FAST FACTS BENSVILLE 7 1. 3. 4. 5. Compared to five years ago, the median sales price for houses in Bensville has increased 37.2% which equates to a compound annual growth rate of 6.5%. PROPERTIES SOLD LAST QUARTER HOUSES AVERAGE DAYS ON MARKET SALES HOUSES MEDIAN $1,340,000 HIGHEST $1,550,000 LOWEST $1,080,000 Source: Cotality RP Data 13 June - 13 September 2025 2. 59 BENSVILLE LEASE MEDIAN HOUSE (4 BED) $860 RENT PER WEEK $1.0M 20 $1.2M 40 $1.4M 60 $800K 0 2021 2022 2023 2024 MEDIAN HOUSE SALE PRICE NUMBER SOLD 2025
FAST FACTS EMPIRE BAY 8 1. 3. 4. 5. Compared to five years ago, the median sales price for houses in Empire Bay has increased 60% which equates to a compound annual growth rate of 9.9%. PROPERTIES SOLD LAST QUARTER HOUSES AVERAGE DAYS ON MARKET SALES HOUSES MEDIAN $1,200,000 HIGHEST $2,100,000 LOWEST $1,020,000 Source: Cotality RP Data 13 June - 13 September 2025 2. 57 EMPIRE BAY LEASE MEDIAN HOUSE (4 BED) $795 RENT PER WEEK $900K 20 $1.0M 40 $1.1M 60 $800K 0 2021 2022 2023 2024 MEDIAN HOUSE SALE PRICE NUMBER SOLD 2025
TIPS TO MAKE YOUR BIG MOVE SMOOTH Moving into your new home should be the exciting and easy part, right? Some people rate moving houses as one of the most stressful experiences you can go through, but if you get yourself organised in advance and keep it flexible, moving will be a breeze. Here are our top 12 tips. PRE-MOVE Sell, recycle, donate or dump all your unwanted items in advance. It’s so much easier to pack (and unpack) when you’re not taking junk with you. Book a removalist and get your hands on boxes well in advance. Removal companies get busy and you want to get the date that suits you. Note all the addressed mail you get as soon as you know you’re moving, and start advising change of address as you go. Clear your schedule for a couple of days. If you are moving mid-week, book at least two days off work if possible. Pack and label your boxes by room, and use a ranking number to help you know which should be unpacked first. Resist the temptation to pack similar items together that live in different rooms. Have plenty of ‘tools’ – you can never have enough newsprint, tape, scissors and black marker pens. Take photos of the electronic cable set-ups at the back of your TV & audio systems before pulling things apart, so reconnecting them at the new house is easy. ON THE DAY Finish packing your boxes before the removalists arrive. Have plenty of water and snacks on hand. Staying hydrated and energised is essential on moving day. It’s also a good idea to keep some cash handy for unexpected items like taxis and takeaways. Pack a suitcase of items you’ll need for the first night. You don’t want to be trawling through your boxes looking for PJs and toothbrushes. POST-MOVE Organise the collection of used boxes, either back to the box company, for recycling or sell/give away on Facebook Marketplace. Book a cleaner for the home you’re leaving the day after moving, rather than on the day to give yourself more time to clear everything out. Follow these tips and you’ll be cracking open that bottle of sparkling at the end of day to congratulate yourself on a job well done.
YOUR RAY WHITE TEAM Ray White Bensville Shop 5, 32 - 34 Kallaroo Road, Bensville NSW 2251 02 4369 2268 Ray White Empire Bay 2B Kendall Road, Empire Bay NSW 2257 02 4369 6618 raywhitebensvilleempirebay.com.au We are a highly experienced team with a proven record of success Carley Eder RENTALS PRINCIPAL 0432 945 578 carley.eder @raywhite.com Amee Pigram PROPERTY MANAGER 0402 419 882 amee.pigram @raywhite.com Lucy Jaggard SALES ADMIN 0433 000 540 sales.bensville @raywhite.com Tiffany Mooney SALES 0406 398 432 tiffany.mooney @raywhite.com Ben Bedford SALES 0433 778 000 ben.bedford @raywhite.com Quinta Jamieson PROPERTY MANAGER 0411 624 887 quinta.jamieson @raywhite.com Matthew Kidd SELLING PRINCIPAL 0417 230 732 matthew.kidd @raywhite.com
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